Physical iron ore prices increased further on Monday April 8, with Fastmarkets' MB 62% Fe Iron Ore Index jumping above $95 per tonne cfr China following surges in the derivatives markets.MB 62% Fe Iron Ore Index: $95.30 per tonne cfr Qingdao, up $2.40 per tonne. MB 62% Fe Pilbara Blend Fines Index: $94.42 per tonne cfr Qingdao, up 2.40 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $97.60 per to...Read More
China's domestic and export prices for rebar increased sharply on Monday April 8 following gains in the billet and futures markets.Domestic Eastern China (Shanghai): 3,980-4,030 yuan ($592-600) per tonne, up 80 yuan per tonneNorthern China (Beijing): 3,950-3,980 yuan per tonne, up 40-50 yuan per tonneBuying interest picked up during the day amid increases in both the billet and futures markets, wh...Read More
"We are on the precipice of the greatest retirement crisis in the history of the world. And that makes perfect sense because, first of all, we have the largest elderly population in the history of the world.Just focusing on the United States: our elderly are woefully unprepared to retire. And in the decades to come we will witness millions of elderly American's, Baby Boomers and others, slipping i...Read More
Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital markets. He is currently Chief Global Strategist at Meraglim. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitator of the first ever financial war games conducted by the Pentagon. A frequent guest on financial...Read More
Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard Business School. Before joining PIMCO, Dr. El-Erian was a managing director at Salomon Smi...Read More
(Adds details, background on IPOs)April 8 (Reuters) - Pinterest Inc on Monday set a pricerange of $15 to $17 per share for its initial public offering of75 million shares, valuing it below the $12 billion at which theonline image-search company sourced its last fundraising in2017. At the upper end of its target range, the company could havea market valuation of about $11.30 billion and could raise...Read More
Michael Krieger of LibertyBlitzkrieg.com joins us to discuss his latest article, "Russiagate Might Be Dead, but Big Tech Censorship Is Here to Stay." Today we examine the real legacy of Russiagate: the neo-McCarthyite censorship campaign that has purged independent voices from social media.Read More
"We've launched our safer colleague, safer community campaign to support colleague safety and help identify the causes of community crime. This has seen us remove kitchen knivesContinue...Read More
Jason talks about President Trump calling for QE4 (and rate cuts on Friday) in addition to other important global macro topics.Read More
Harte Gold Corp. (TSX: HRT) has completed a feasibility study on its Sugar mine, which started commercial production in White River, Ontario, in January.The feasibility study incorporates improvements to the indicated mineral resources and reserves since the preliminary economic assessment was released last year.The study used an 800-tonne-per-day operation as the base case, which resulted in annu...Read More
Daniel Ameduri gives us a first hand report from the Southern White House. All Presidential functions are now tightly controlled, attendees are required to surrender their cellphones and electronic devices before meeting with President Trump. No pictures are allowed. Dan was part of a very diverse group. Children were in attendance. It was a great event with a wonderful brunch. Dan also got the w...Read More
Toronto-based junior Warrior Gold continues to drill its Goodfish-Kirana gold project near Kirkland Lake. To date, the company has drilled 10 holes totaling 1,522 metres. About half the core has been logged and 482 samples sent to ALS Geochemistry to be assayed.The Goodfish-Kirana property is about 6.0 km north of the Cadillac-Larder Lake fault zone. The property hosts several gold showings, pit,...Read More
The Wave of Mega-IPOs is already baked into the cake.Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford...Read More
Barclay Leib (@btl0823) founder and principal of Sand Spring Advisors, LLC, comes by the office to discuss asset allocation, forensic accounting and Wall Street history.1:44 Rules for selecting fund managers5:40 Where does "edge" come from?8:18 Fun and games in fund returns12:17 The famous Hunt brothers trade18:30 Unfavorable prices? Regulate them awayJames "Jim" Grant is an American writer and pu...Read More
The treatment "has broad implications for multiple types of cancer...This method could also increase the success of other immunotherapies such as checkpoint blockade."Continue...Read More
Vancouver-based Integra Resources has received positive results from metallurgical testing of samples from its DeLamar and Florida Mountain gold-silver deposits about 160 km from the capital, Boise.From six Florida Mountain oxide samples, recoveries of 83.3% gold and 39.7% silver were achieved in bottle roll tests. The same oxide sample composites had 72.4% gold and 23.4% silver recoveries after 2...Read More
Since 2004, twenty large federal agencies admit paying out an astonishing $1.2 trillion in improper payments. That amounts to more than one-quarter of President Trump's Continue...Read More
"The Kingdom has been trading its oil in dollars for decades which has served well the objectives of its financial and monetary policies." Continue...Read More
Altiplano Metals of Edmonton, Alta., is considering a magnetic separation plant for its Farellon copper-gold project near La Serena. The company says that copper recoveries from low grade mineralized material went up following magnetite separation.Two 100-kg low grade samples were submitted for testing. Initially, sample 251178 graded 0.65% copper (0.03% soluble copper) and 36.70% iron. Sample 251...Read More
The European market for ferro-silicon has fallen again with traders reducing their offer prices both on an inter-merchant basis and to consumers in the steel sector, while the market in the United States has stalled on a lack of buying activity. Europe marks new low for 2019 Market under further pressure China prices rolled over US market flat on inactivity.European market under pressureThe downwa...Read More